Why Online Lenders are a Better Choice
Online Lenders – The Better Choice Small businesses are increasingly moving towards online business loans and finance options for expanding their operations. Online lenders offer several benefits over financing from commercial banks, such as Flexi EMIs and quick short-ticket finance. This has made these non-banking financial institutions the choice of modern MSMEs. For example, today, …
Demystifying MSME Loans
MSME Loans – Risky and Profitable Business Types Micro, Small and Medium Enterprises are the largest employment providers in India. Their contribution to overall employment in the country is pegged at 69%. Also, the MSME sector is responsible for almost 45% of the manufacturing industry and drive 40% of our total exports. These are significant …
Credit History – How It Gets Better Loan Amounts
Credit History and its Importance When you go for a business loan, the one thing that matters the most is your credit history or business credit score. Credit history is basically a statement of your loans and repayments in the past. Credit rating is assigned by rating agencies such as CIBIL and CRISIL. Here are …
How to Get a Small Business Loan for a Startup
Small Business Loan to Start a Business For a new entrepreneur, one of the biggest hurdles to resolve and overcome is the need for capital. Funds are critical to any business venture. Finding ways to raise money can sometimes become a full-time occupation for a business owner. A business loan can be a very important …
Business Loan Interest Rates – Factors and Features to Getting an Optimal Rate
How Business Loan Interest Rates Work Ever wonder why business loan interest rates vary from lender to lender? There are several factors based on which every financial lender such as a bank or an NBFC determines the interest rate for any loan. The same holds true for a business loan as well. The more you …
Business Loan – Importance of Choosing the Right One
The Importance of Choosing the Right Business Loan When you are considering taking a business loan, there are a lot of things that you check out, both online and offline. One might check out online EMI calculators, ask friends about online business loans, visit the websites of online loan providers and do a comparison of …
5 Clever Small Business Financing Options in India
For a new small business in India, like everywhere else globally, finance is the key to success and sustenance. Efficient and consistent fundraising is not the easiest of jobs. Still it does not have to be the toughest either. Traditionally banks tend to be the first and most preferred source of raising capital. Though they …
Why Customer Engagement is Important? Part 3 – Returns and Refunds
As an entrepreneur in today’s times, it is important to understand the value of customer engagement and how it is linked directly to the success of your business. An interactive relationship with your customers helps boost positive brand loyalty and this goes a long way in boosting the overall credibility of your business. The advent …
Why Customer Engagement is Important? Part 1 – Rave Reviews and Rants
Customer engagement has become an important parameter for business success today. In this context, customer engagement is now almost synonymous to customer satisfaction. Customer engagement can happen through both online and offline channels. Positive customer engagement not only boosts your brand’s reputation but can also help drive sales. There are several ways a business interacts …
Got a Growing Sales Team? A CRM can help!
So here’s the thing. Growth of a business and consequently a larger sales team is a potentially positive development. A larger sales team means that more customers are being catered to. At least more clients are wanting to engage with your business which led you to hire more people. All of this is great. However, …
Advertising for SMEs – Do You Need It?
SMEs for the most part are strapped for funds. In fact, because of this, fundraising becomes an almost ongoing activity for entrepreneurs. Given that money is tight, every rupee counts. When accounting for costs, as a small or medium business owner you need to take stock quite carefully and expenditure must be decided based on …
The GST Game – What Can SMEs Do to Stay Ahead?
With GST having become a reality now, every business and service provider is dealing with its ramifications, the good ones as well as the bad ones. As a business owner, no matter what you think of GST, India’s biggest tax reform is here to stay. In case you are looking for how dual GST works …
Why Dual GST and How it will affect your Business?
Businesses all over the country have felt the impact of the government’s decision to change the country’s goods and services tax code. The new tax, GST, will change the way our country does business, affecting all businesses engaged in sale/supply of goods or supply of services. What is GST? The Goods and Services Tax (GST) …
The Ultimate Guide To Grow Your Business Online
Given the economic climate, for any business intending to grow to its maximum potential, there is no shying away for exploring the online space. In fact, as a small business owner what is important and critical for you to understand is that optimizing your business on the web is no longer a choice that you …
Working Capital Management for Small Business Owners
Working Capital Management for Small Business Owners Any business can have different sources of income and efficient management of the same can work wonders in the running of the business. While startup capital and fixed assets are typically long term, for the day-to-day running of any business, an efficient cash flow structure is necessary. In …
Keeping your Company’s Cash Flow Happy – Debugging Budgeting!
Keeping your Company’s Cash Flow Happy Does cash flow translate to revenue? Certainly not. Deteriorating revenue with a robust cash flow is not going to be a saving grace for a failing company, but a good cash flow plan in a relatively stable business can work wonders. The important thing to note here is that …
6 Amazing Ways to Execute Ideas for Small Businesses
Idea is the core of every business. As somebody who is either interested in starting a new business or is already on that journey and now looking for growth, you are meant to know that, right? What you might know however is that sometimes even the best ideas fail due to the inability of the …
11 Important Things Your Competition Can Teach You About Finance
Competition is the bane and blessing for every business owner. As a business owner you need to keep an eye out for what your competition is doing. This is the ground rule and needs to be followed. In principal, keeping a track of others who are in the same business as you whether it’s for …
Small Business Loans – The Working Capital Angle
Ever since I started off in a retail lending team at HDFC Bank and even now, as a decision-maker in one of the leading fintech lenders of the nation, I have always been asked by clients about the kind of business loan that would be the best for every situation. Simply put, there is no …
Small Business Loans – Why and Why Not
When it comes to financials that concern your organization’s growth and prosperity, you would never want to take a chance, would you? Additionally, when it comes to your personal life, you’d always want a steady flow of income and a safety net to secure your and your family’s future as well. This brings us to …